On September 14th, 2008, Connecticut’s casino facilities released the August slot machine profit results, numbers which will showcase whether the Foxwoods Resort Casino and Mohegan Sun continued their drop because of a weakening economy and the change in the spending habits of players. It looks like players are thinking on how low they can go by playing the casino’s low denomination machines.
Here’s how this July slot machines revenues compared with the same period last year. Foxwoods had forty-eight percent more 1 cent slot machine in its casino gaming floor mix this July-1,653 machines-than the same period a year ago, 1,111. At the Mohegan Sun Casino, there were 1,913 penny slot machines on the gaming floor in July, up from 1,309 machines in July 2007-an improvement of 46%.
Although the total amount played between July 2007 and the same month this year slide down by at least $44 million, how much people played at those single cent machines actually improved. At Foxwoods, player spending at the penny slot machines improved by fifty-one percent from $94 million in July 2007 to $141.5 million in the same month this year.
Gamblers enjoying the one-cent slot machines at Mohegan Sun put thirty-two percent more pennies through the slot machines this summer than last. In July 2007, they put $174.1 million through one cent slot machines compared to $230 million this July.